CRH Releases Annual Report; Mixed Results in Americas
April 2, 2012

CRH plc of Ireland, the parent company of Oldcastle BuildingEnvelope, has published its 2011 annual report.
The company reported a 5 percent increase in sales, a 3 percent increase in EBITDA, a 25 percent increase in operating profit and a 33 increase in profit before tax over 2010. Its earnings per share also went up 35 percent.

In the Americas Materials sector, the overall U.S. dollar EBITDA was 2 percent lower than 2010 with operating profit down 4 percent. In the Americas Products sector, building envelope, which comprises 20 percent of the EBITDA, sales were up 9 percent.

"The overall trading outlook for 2012 remains challenging," says Kieran McGowan, chairman of the company. "There is uncertainty about the future of the global economy and consequently, about the recovery of construction markets, given the lag effect for our sector. Against the background of this environment, the basic fundamental of ours strategy are as valid today as they were pre-crisis. We will continue to focus on ensuring that our businesses are well-positioned to deal with whatever trading conditions present themselves."

The report does not include specifics numbers related to Oldcastle BuildingEnvelope.

Click here for the full report.

Subscribe to USGlass magazine.
Subscribe to receive the free e-newsletter.